{"id":393837,"date":"2021-01-07T08:27:39","date_gmt":"2021-01-07T02:57:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=393837"},"modified":"2021-01-07T08:48:54","modified_gmt":"2021-01-07T03:18:54","slug":"govt-considers-creating-bank-with-13-7-bn-equity-to-fund-roads-ports","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-considers-creating-bank-with-13-7-bn-equity-to-fund-roads-ports\/","title":{"rendered":"Govt considers creating bank with $13.7 bn equity to fund roads, ports"},"content":{"rendered":"<p>The Centre is considering a proposal to create a bank to help fund port, road and power projects as Prime Minister Narendra Modi\u2019s administration aims to lift Asia\u2019s third-largest economy out of the recession. <\/p>\n<p>The new entity, likely to be part of the Budget announcement in February, may have an equity capital of Rs 1 trillion ($13.7 billion), people with knowledge of the matter said, asking not to be identified as the matter isn\u2019t public. The existing India Infrastructure Finance, which has a Rs 2,000 crore corpus, will be merged with the bank, they said. <\/p>\n<p>Initially, the institution will be funded by the government, which will later invite investors, the people said. It could be on the lines of state-run National Investment and Infrastructure Fund, which counts the Canada Pension Plan Investment Board, Asian Development Bank and Abu Dhabi Investment Authority among its investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Centre is considering a proposal to create a bank to help fund port, road and power projects as Prime Minister Narendra Modi\u2019s administration aims to lift Asia\u2019s third-largest economy out of the recession. The new entity, likely to be part of the Budget announcement in February, may have an equity capital of Rs 1 trillion ($13.7 billion), people with knowledge of the matter said, asking not to be identified as the matter isn\u2019t public. The existing India Infrastructure Finance, which has a Rs 2,000 crore corpus, will be merged with the bank, they said. Initially, the institution will be [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-393837","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=393837"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393837\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=393837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=393837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=393837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}